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USDCAD TECHS

Trend Conditions Remain Bullish

US TSY FUTURES

Extending Lows After the Close

US TSYS SUMMARY

Reversing Overnight Risk-Off Tone

AUDUSD TECHS

Remains Vulnerable

US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

CHINA PRESS
CHINA PRESS: China central bank's adjustment of counter-cyclical factor
indicated regulators are concerned about the fast appreciation of the currency,
the Securities Times reported in its front page Thursday. Now is also the
opportunity to reform the exchange rate system, it said. Authorities should
increase the yuan's two-way flexibility and let market adapt to higher
volatility, the newspaper said. The PBOC move will curb excessive gain by the
yuan, it said. However, FX reform should also include increasing the number of
market participants, relaxing transaction controls, increasing forex products
and liquidity, the report said. (Securities Times)